Lamoille County, VT Real Estate News

By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
STOWE, VERMONT Area HOME Sales Market REPORT - Comparison between the 1st half of 2021 to the 1st Half of 2020.As we have seen throughout the country, real estate sales have seen an increase in not just the number of sales, but in the median and average sale prices.  Also, the inventory of available homes has seen an exceptional decrease.  The Stowe, Vermont area is certainly no exception.  When the country went into an overall lockdown due to COVID 19, many people desired an escape from the city life.  Vermonters love the outdoors and it's easy to just walk outside and breathe. Also, Vermont handled the health crisis well and continues to do so.  Below is a chart which shows the State of Vermont, Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott Vermont statistics. C...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Market Report - 2020 compared to 20192020 - the year of COVID-19 and it certainly impacted the real estate market.  Vermont sellers took the lead with the economic swing of High Demand and Low Inventory.  We certainly saw and continue to see that Vermont became a desirable state for buyers given our open spaces, land, low crime, and overall rural environment.  This certainly increased the demand.  The supply saw owners who may have wanted to sell at some point, decide to stay put as Vermont was certainly doing well with the virus.  Owners were also faced with - where would they move?  Some 2nd home owners decided to make their vacation properties their primary residence.  They could now work from their Vermont home so why go back to their home in the city?...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont area condo sales Market Report - 2020 compared to 2019.The Stowe, VT area saw a significant increase in the sale of condos.  Vermont sales benefited from many buyers looking for a more remote location to come to while dealing with COVID 19 in their home state.  Another trend we saw was people making Vermont their primary residence as they could work remotely from their Stowe property.The CHART below shows the sales of condos in Vermont, Stowe, Waterbury and Morristown, Vermont.  The average inventory of condos in Waterbury and Morristown in 2020 was 0; however there were sales in both towns.STATE OF VERMONT Condo Sales:- # of condos sold - Up 16%- Median Sale Price - Up 11%, Average Sale Price - Up 17%- Average # of Condos for Sale - Down 28%STOWE, VT Condo Sales:- # of c...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Land Sales Market Report - 1st Half 2020 compared to 1st Half 2019The first half of 2020 has been an interesting period in the real estate market.  We continue to deal with COVID-19 challenges (mostly in April, May and June) and national civil unrest.  Although it has been somewhat challenging to list and show properties in Vermont because of COVID-19 requirements, we continue to see interest in the purchase of land.  Generally, the sales of land have decreased, average and median sale prices have varied by town, inventory has decreased and pending contracts have decreased.  Perhaps with the strong demand for homes along with low inventory, we'll see a growing demand for land.  It can be a great solution for some who have always wanted to build their own new home.Bel...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Market Report - 1st Half 2020 compared to 1st Half 2019The first half of 2020 has been an interesting period in the real estate market.  We continue to deal with COVID-19 challenges (mostly April, May and June) and an unsettled country due to civil unrest.  Although it has been somewhat difficult to list and show properties in Vermont because of COVID-19 requirements, the demand for homes in Vermont has certainly increased while the supply has decreased in most market areas.  Added to these forces are historically low mortgage interest rates.  Overall, the number of home sales have decreased, sale prices are either up or fairly stable, inventory down, and homes that are pending (under contract) have increased.  Of course not all towns have seen similar tre...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Wolcott, Vermont - Home Sales Market Report and Trends - 2008 through 2019Wolcott, Vermont is a relatively small town with a population of about 1,600.  It consists of 40 square miles and is located close to Hyde Park on the west, Elmore to the south, Harwick to the southeast and Craftsbury to the northeast. Wolcott, Vermont Home Sales - 2019 compared to 2018:- # of Homes Sold - Up 14%- Average Sale Price - Up 3%- Median Sale Price - Up 3%- Inventory of Homes - Up 6%Below is an Infographic using the same data over the period of 2008 through 2019:
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Johnson, Vermont - Home Sales Market Report and Trends - 2008 through 2019Johnson, Vermont is a small town with a population of approximately 3,500.  Northern Vermont University/Johnson is located here.  It is also home to the Vermont Studio Center.  It is located north of Stowe, Morristown and Hyde Park, VT.The Home sales in Johnson, Vermont when compared from 2018 to 2019:- # of home sales - Down 15%- Average Sale price - Down 22% - Median Sale price - Up 6% - Average inventory - Down 20%Below is an Infographic using the same information starting with 2008 through 2019:
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Elmore, Vermont - Home Sales Market Report and Trends - 2008 through 2019Elmore, Vermont - this town is northeast of Stowe and features one Vermont's most beautiful lakes - Lake Elmore.  Although Elmore has a low population, it's residents have big hearts.  The "main" street features The Elmore General Store which sits right on Lake Elmore.  Of course, another landmark is Elmore Mountain.  Doesn't get much better than a Lake and Mountain panorama!Comparison of Elmore Home Sales - 2019 compared to 2018:- # of Homes Sold - up a tad- Average Sale Price - Up 17%- Median Sale Price - Up 19%- Inventory of Homes for Sale - no changeBelow is an Infographic showing the trends of the same data from 2008 through 2019: 
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Hyde Park, Vermont - Homes Sales Market Report and Trends - 2008 through 2019Hyde Park, Vermont is the County Seat for Lamoille County.  It features a Village Area with the Courthouse and some businesses along with many beautiful rural properties with open fields and barns.  It is also home to Hyde Park Elementary School and Lamoille Union Middle and High School.When comparing the home sales in Hyde Park, Vt using 2019 compared to 2018:- Number of Homes Sold - Down 16%- Average Sale Price - Up 17%- Median Sale Price - Up 5%- Average Inventory of Homes - Up 44%Below is an Infographic showing the same information over a period from 2008 through 2019:
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Morristown, Vermont - Home Sales Market Report Trends - 2008 - 2019Morristown, Vermont (aka as Morrisville, Vermont) is a town just north of Stowe, Vermont.  It features many primary residents, Copley Hospital, several restaraunts, and shopping.  Plus there is a new "rail" trail for pleasant walks or biking.The Real Estate Market for home sales varied some in 2019 when compared to 2018:- Number of Homes Sold - down 5%- Average Sale Price - Down 6%- Median Sale Price - Down 9%- Avereage Inventory of Homes - Down 3%The Infographic Below shows the same data from 2008 through 2019: 
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont - Home Sales Market Report Trends - 2000 through 2019Stowe, Vermont Home Sales - Although the number of homes sold was down a tad along with the sold prices, the bigger story is a lack of inventory especially in the price range below $500,000.  The lack of inventory is certainly not happening just in Vermont, rather it is nationwide.  The higher price range - over $1.0m appears to have a decent supply of homes availabe for sale in Stowe.The Infographic below shows the number of homes sold starting from 2000 through 2019; the average and median sold prices between 2000 and 2019; and the average inventory of homes starting from 2006 through 2019.When comparing the trends from 2019 to 2018, the following is noted: - Number of Homes Sold - down 4%- Average Sold Price - Down 1...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Vermont - Stowe Area Home Sales Market Report - 2019 compared to 2018Another year is history so it's time for my annual Stowe, Vermont Area home sales market report.  Overall, the number of homes sold was higher; however, in areas where that was not the case, the decrease in sales was most likely due to lack of inventory.  Each town had positive signs and negative signs.  Waterbury, Vermont had the best report with increased number of sales, increased sale prices along with a reduction in inventory.  Stowe, Vermont had a minor reduction and number of homes sold and in sale prices.  Stowe faced and continues to face a low inventory of homes price below $1m.Below is a chart which summarizes the sales figures and the average inventory in each town.  CHART of Vermont Towns Home Sales - 2019...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Report: Comparison of the 1st Half of 2019 to 1st Half of 2018 - MARKET REPORTAs a full time Stowe area broker, I am often asked "so how's the market?"  Sometimes, you just know - it's great, ok or really slow.  Other times, it's a mixed bag.  That's how I would sum up the 1st half of year report in 2019.  Some towns are doing well - like Stowe, and Waterbury while others, not so much - like Elmore.  Other towns show sales are down and inventory is down.  Like I said - a mixed bag.Below is CHART of Home Sales in Vermont, Stowe, Waterbury, Hyde Park, Elmore, Johnson and Wolcott, Vermont: STATE OF VERMONT - Homes Sold# of Homes Sold - UP 1%Median Sale Price - UP 5%, Average Sale Price - UP 4%Inventory of Homes for Sale - DOWN 9% STOWE, VERMONT - Homes Sold# ...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Market Report - 1st Quarter 2019 compared to 1st Quarter 2018Some mixed signals from the various town market reports.  Some towns continue to see an increased number of sales, higher prices and decreased inventories - Stowe and Waterbury - while others had decreased sales yet increased sale prices.See the TOWN MARKET REPORT CHART here: VERMONT HOME SALES# Sold - down 1%Median Sole Price - Up 2%, Average Sold Price - Up 2%Inventory of homes available - Down 9% STOWE, VERMONT HOME SALES# Sold - Up 46%Median Sold Price - Up 9%, Average Sold Price - Up 12%Inventory of homes available - Down 11% WATERBURY, VERMONT HOME SALES# Sold - Up 11%Median Sold Price - Up 28%, Average Sold Price - Up 12%Inventory of homes available - Down 19% MORRISTOWN, VERMONT HOME SALE...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Morristown, Vermont - Home Sales Market Report: 2008 through 2018Morristown, Vermont is a town located just a bit North of Stowe.  It has many businesses, restaurants, and is home to our local hospital - Copley Hospital.  Mansfield Orthopedics is also a part of the Copley organization.  Morristown also has it's own elementary, middle school and high school.The real estate market in Morristown, VT has certainly been active.Morristown, VT - Homes Sold Trends - 2008 through 2018The Number of homes sold has overall been increasingThe Average and Median sale prices have also been increasingThe Inventory of homes available for sale have been decreasingINFOGRAPHIC - Morristown Home Sales and Trends - 2008 - 2018
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont - Condo Sales Trend Charts - 2007 through 2018Overall, the Stowe, Vermont condo market has seen healthy growth throughout the past several years.  The demand for condos appeared to increase once Vail took over the Stowe Mountain Resort operations.  The Vail acquisition introduced the Epic Ski Pass to the area which is popular for skiers and boarders.  (Please note that the data does not include timeshare or fractional sales.)GENERAL TRENDS OF THE STOWE CONDO MARKET:The number of condos sold reached an 11 year high in 2018The Average and Median Sold prices also increased over the 2012 data with significant increased from 2017The Average Inventory of condos available for sale continued to decline to a record low over the past 11 yearsYou can see these trends in the Infograp...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont - Homes Sales Trend Market Report - 2019As a Real Estate Broker, I have been keeping track of home sales in Stowe, VT on a monthly, quarterly and yearly basis.  At the end of the year, I put together a trend chart comparing the following:1.  Number of Homes Sold - from 2000 through 20182.  Median Sale Price and Average Sale Price - from 2000 through 20183.  Average Inventory of Homes Available for sale - from 2005 through 2018Although Stowe is a relatively small market compared to other areas in Vermont, you can see the trends.  You can certainly tell when the recession hit and how it affected the market.  The 2018 trends charts show that the Stowe Home Sales Market is strong. 1.  The number of homes sold is the highest it has been since 2000. 2.  Both the Average Sale pr...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area - Home Sales Market Report - 2018 compared to 2017It's a very snowy day here in Stowe so I thought I'd catch up on my market reports.  The Market Report covers the State of Vermont, Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott VERMONT.  The stats for 2018 vs. 2017 came out about the way I expected.Of the areas I keep track of, Stowe is the only town that saw an increase in the number of  Homes Sold.  Most areas did see and increase in Median and Average Sale prices.  All the markets saw a significant decrease in the number of homes available for sale.  This lack of inventory is the main reason that the number of SOLDS is lower.CHART:  Vermont Home Sales Report for 2018 compared to 2017 VERMONT:# of Homes Sold - no changeMedian Sale Price - Up ...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe Vermont Area - Home Sales Market Report - 1st Quarter 2018 compared to 1st Quarter 2017I have finally crunched the numbers for the 1st Quarter of 2018 home sales report in the Stowe area.  I was actually curious to see how they would come out as I could sense some market conditions but wasn't really sure.  There are definitely some differences between the towns of Stowe, Waterbury, Morristown, Hyde Park, Elmore and Wolcott; but there is one common theme - LOWER INVENTORY.  All towns I normally track plus the State of Vermont have a reduction in available homes for sale based MLS data on April 1, 2018 and April 1, 2017.  Low supply usually leads to higher sale prices.  This is not consistent across all towns but is true in most cases.Chart of Homes Sales in the Stowe, VT area - 201...
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By Teresa DeLuca Merelman, ABR, CRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Morristown, Vermont - Home Sales Market Report - 2008 through 2017Morristown, Vermont is a town just a bit North of Stowe, Vermont.  Morristown has a population of about 2,000 and is home to Copley Hospital.  It also has it's own school system plus a private school, Morrisville-Stowe Airport, Copley Golf Course and Ryder Brook Golf Course, and it provides many shopping venues such as Hannafords, Price Choppers, several pharmacies, plus McDonalds!  Several restarants are also in residence.The Number of Homes Sold in Morristown, Vermont - Overall one can see an increasing trend from 2012 through 2017.  When comparing 2017 to 2016, the number of homes sold increased by 5%.The Average Inventory of Homes available for sale reached it's peak in 2013/2014 and has been decreasing to only 41 hom...
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Lamoille County, VT Real Estate Professionals